Page 10 - CityofMansfieldFY24Budget
P. 10

Average Home Value
                                                 Taxable - Existing and New
                     $300,000

                     $275,000


                     $250,000

                     $225,000

                     $200,000

                     $175,000

                     $150,000


                     $125,000

                     $100,000
                                   2014 2015 2016 2017 2018 2019 2020 2021 2022 2023*
                       * Anticipated                                                                 Source: Tarrant County Appraisal District
                       (2020 was the first year with a 10% homestead exemption.)



                                             Total Taxable Value Growth


                    $10,000,000,000


                     $9,000,000,000

                     $8,000,000,000

                     $7,000,000,000


                     $6,000,000,000

                     $5,000,000,000


                     $4,000,000,000

                     $3,000,000,000


                     $2,000,000,000
                                    2014   2015   2016    2017   2018   2019   2020*   2021  2022*   2023*


                       *2020 was the first year for the 10% homestead exemption. It increased to 12% in 2022 and 14% in 2023.


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